The Startup Accelerator Behind Airbnb, Reddit Is Investing to Shut Down Factory Farms

Joe Loria August 24, 2018
Y Combinator, the startup accelerator company
behind hit tech companies like Airbnb, Reddit, Dropbox, and Instacart, is
looking to invest in clean meat startups that are set to
take on the meat industry.
The company’s purpose is to help startups in
the early stages and provide funding, business tools, and networking
opportunities to help them succeed. According to VegNews, Y Combinator has
recently partnered with The Good Food Institute
to assist companies working on creating alternatives to traditional animal
products, listing “cellular agriculture and clean meat as one of its top
funding priorities.
Gustaf Alstromer, a partner at Y Combinator,
told Fast Company
in an interview:
We actually believe
that clean meat could replace nearly all animal meat at some point. We think
that if it works, [clean meat] will revolutionize the entire meat industry, and
we think that it will probably be entrepreneurs and startups that build the
companies that produce that meat.
This past summer, Y Combinator began working
with 132 new startups, including Seattle Food Tech, which is known for creating
a vegan chicken nugget, Spero Foods, which makes plant-based cheese
and eggs, Mylk Guys,
a vegan grocery delivery startup, and Cytera CellWorks, which works on helping labs automate cell cultures for clean meat.
Investing in vegan alternatives and clean meat
is a wise business move considering how many people are ditching animal
products. But it’s not just accelerators
who are investing in a slaughter-free future; the meat industry itself is also
taking notice.
In 2016, Tyson Ventures made an undisclosed investment in plant-based protein company
Beyond Meat
. Tyson CEO Tom Hayes remarked, “Plant-based protein is
growing almost, at this point, a little faster than animal-based, so I think
the migration may continue in that direction.
Just last month, Tyson Foods also invested in clean meat company Memphis
Meats
. This was the second time a major meat producer backed the
company. The first was Cargill, which made history last year with its landmark investment. Memphis Meats is known
for creating real beef burgers without cows and the world’s first chicken and duck meat without animal
slaughter
.
The meat industry can no longer ignore the
wave of people ditching animal products in favor of a healthy, sustainable, and
compassionate vegan diet. The research firm Global Data reports that veganism in America has increased by 600 percent
since 2014, and Allied Market Research predicts that the meat substitute market will grow 8.4 percent
over the next three years, potentially reaching $5.2 billion globally by 2020.
More people enjoying vegan food is great news
for the billions of animals who suffer at factory farms.
Cows, pigs, chickens, and fish raised and killed for food are subjected to
unthinkable cruelties: tiny, filthy cages; horrific mutilations; and violent
slaughter.
Sounds terrible, right? See for yourself.
With more and more delicious vegan products
hitting the market, there’s truly never been a better time to make the switch
to a compassionate vegan lifestyle. Click here to get started. And check out our Pinterest
page for thousands of recipe ideas
!

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